MEMBERSHIPS IN THE SAVINGS & PROFIT
SHARING PENSION FUND OF SEARS
ROEBUCK AND CO EMPLOYES MAX
MAX OF 17500 EMPLS OF SEARS
TO PAY FOR ABOVE MEMBERSHIPS
BY CONTRIBUTING 5PC OF SALARY
OR SVC ALLOWANCE FOR 12 MONTHS
PERIOD FOLLOWING EFF DATE OF
RS BUT 250 00 IS MAX ANY ONE
MEMBER MAY CONTRIBUTE FOR YEAR
AGGREGATE CONTRIBUTIONS FOR
SUCH PERIOD BY ALL
MEMBERS OF FUND ESTIMATED
-NOT TO EXCEED
CAPITAL NPV OF SEARS ROEBUCK AND CO
TO BE PURCHASED AT NOT MORE
THAN MKT BY THE FUND FOR ITS
MEMBERS DURING 12 MONTHS PERIOD
FOLLOWING EFF DATE OF RS MAX
ABOVE CAP STK ALL OUTSTANDING
FOR PURCHASE OF GA? STK OF BEARS
FOR ACCT OF 3ELLtNG STOCKHOLDFRS
NO UvDERWRITER